Newmark is pleased to announce that the firm recently represented Opex Analytics in a long-term, 18,000-square-foot lease at 350 N. Orleans Street in Chicago. Opex Analytics signed the lease following Newmark’s strategic analysis of suitable, local options for the company’s new headquarters.
Founded in 2013, Opex Analytics partners with both Fortune 500 companies and fast-growing startups to research, identify and address the core drivers behind a spectrum of business problems. They work to provide insight-driven, strategic AI solutions that empower businesses to make decisions better and faster than ever before. Due to the firm’s rapid growth over the past year and desire to have all of its Chicago-based employees collaborating under one roof, Opex Analytics determined a need to shift its headquarters from Evanston to downtown Chicago.
Newmark Managing Director Matthew Frazee led the brokerage team representing Opex Analytics in the search for its new space. Relocating from 4,000 square feet at 500 Davis Street in Evanston, Illinois, the team ultimately secured the new space at 350 N. Orleans Street based on its location, modern amenities, flexible floor plans and easy access to public transportation. Opex Analytics Partner Kristen Daihes explained the need for the increased space as follows, “our rapid growth and the tight commercial market in Evanston made it difficult for us to consolidate our Chicago area Opexers under one roof in the Evanston area. We are excited about the new space Newmark helped us secure in a vibrant environment that fits with how we work through collaborative problem solving. Not only does the space support our future growth, accessibility in the Chicago area is an enabler for us to drive more engagement with our clients and partners.”
“The escalating costs and tight office market in Evanston made expanding there difficult and expensive,” said Frazee. “The relocation to 350 N. Orleans ensured Opex Analytics the ability to have all of its employees under one roof, which was important for the firm’s culture. In addition, 350 N. Orleans offered a move-in ready spec suite with flexible lease terms and is a perfect fit for dynamic and growing companies like Opex Analytics, with its premiere location.”
Taking occupancy in June 2019, the firm’s new space will feature scenic views of the Chicago river, collaborative work space, ample space dedicated to white boarding and problem solving, and a modern, airy, and industrial open floor plan outfitted with standing desks and designer accents.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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